With the inauguration of the second term of the Donald Trump administration in the United States imminent, Bitcoin soared again to the $100,000 level. As the U.S. Congress officially certified Trump’s election, optimism about virtual assets stimulated investor sentiment.
According to Binance, a global virtual asset company, as of 11 am on the 7th, Bitcoin is trading at $101,940 (about 148.2 million won), up 3.08% from 24 hours ago. It has been 18 days since December 19 last year that the price of Bitcoin exceeded $100,000.
On the 6th (local time), the stock prices of ‘Coinbase’ and ‘MicroStrategy’, famous for holding a large amount of Bitcoin, soared 6.78% and 10.83% on the New York stock market, respectively.
It is interpreted that the fact that the U.S. Congress officially recognized President-elect Trump’s victory in the presidential election led to the rise of virtual assets such as Bitcoin. The U.S. Congress held a joint session of the Senate and House of Representatives on the 6th (local time) and officially certified President-elect Trump’s victory in the presidential election. Virtual assets are considered the most popular investment destination under the second Trump administration, which takes office on the 20th of this month. President-elect Trump advocated a ‘pro-virtual asset policy’ when he was a presidential candidate.
The market is paying close attention to the extent to which President-elect Trump’s promises will be fulfilled. Bloomberg News said, “Some investors are doubting whether the Bitcoin rally can last,” and diagnosed, “(Bitcoin outlook) depends on how well President-elect Trump implements his pledges related to virtual assets through policy.”
Reporter Kang Woo-seok [email protected]
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